InstaAstro, a leading online astrology platform, has raised ₹18.50 crores in a Pre Series A round.
Led by Artha Venture Fund, with participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund, and Aloke Bajpai, MD & CEO of Ixigo.
Founded by IIT graduate Nitin Verma, InstaAstro has grown rapidly, achieving over 200,000 monthly app installs, 50,000+ minutes of daily consultations, and an ARR of $5 million. The platform offers horoscopes, tarot readings, and numerology in multiple languages, serving a user base of over 50 lakh and providing over 2 crore minutes of consultations in FY24.
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Anirudh A Damani, Managing Partner at Artha Venture Fund, highlighted InstaAstro’s potential to dominate the astrology market by offering reliable and affordable services. The company plans to use the new funding to launch spiritual e-commerce, Daily Pooja, and Reiki healing services, enhancing user engagement and expanding its comprehensive spiritual and astrological ecosystem.
Founder and CEO Nitin Verma expressed excitement over the company’s growth and the trust from investors, stating that the new services mark the beginning of their global expansion to connect more deeply with spiritual seekers worldwide.
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